Costco clings to DEI as other companies abandon practice – Washington Examiner
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Costco clings to DEI as other companies abandon practice
The Costco board of directors unanimously voiced its support for the retailer to keep its diversity, equity, and inclusion practices without further evaluation.
The National Center for Public Policy Research think tank proposed that the company evaluate the “financial risks to shareholders” that DEI poses. In response, the board of directors called on investors to vote against it. Costco’s next shareholders’ meeting will be held Thursday.
The Washington Examiner reached out to Costco for comment.
Meanwhile, Meta, Walmart, Lowe’s, Toyota, Ford, and others rolled back their diversity, equity, and inclusion practices. These companies will no longer make hiring and firing decisions based on race or any other identity while phasing out the phrase “DEI.”
Costco’s most recent negotiation came Wednesday when it met with the International Brotherhood of Teamsters, which represents the company’s unionized workers.
An impending strike slated to begin Jan. 31 would affect more than 600 locations nationwide. About 18,000 unionized workers voted in favor of the move to negotiate pay increases, more retirement benefits, updated bereavement policies, and provisions for holidays and inclement weather.
The Teamsters told the Washington Examiner that some of its members will be demonstrating outside of the annual shareholders’ meeting at Costco headquarters.
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